Daily News Inventory - 24th Aug, 2014

  • Judicial Bill in SC, Centre gives nod for sending it to states

    ·         In a clear signal that the government will not shy away from a possible confrontation with the judiciary on the issue of replacing the collegium system of appointments to higher judiciary with a National Judicial Appointments Commission (NJAC), the NDA government has given the go-ahead to the Rajya Sabha Secretariat to send the recently-passed 121st Constitutional Amendment Bill to states for ratification.

    ·         The Supreme Court is about to hear a set of petitions challenging the constitutionality of the two Bills — 121st constitutional amendment and the National Judicial Appointments Commission Bill, 2014 — passed by both houses of Parliament last week.

    ·         The petitions seek quashing of the Constitutional Amendment Bill on the ground that it “severely affects and damages the basic structure of the Constitution viz the independence of the judiciary” and accords “unbridled power” to Parliament.

    ·         The petition filed by the Supreme Court Advocates-on-Record (AoR) Association, while contending that the proposed law takes away the primacy of the collective opinion of the CJI and the two senior most judges of the Supreme Court since even if all three collectively recommend an appointee, the appointment is liable to be vetoed by the other three members, asks the SC to restrain the Centre from seeking ratification by the  state legislatures.


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CSAT Paper II 2014 Answer Key

UPSC Exam 2014 Question Paper

GS Paper 1 Answer Key Prelims 2014

4:35 a.m. – Why am I awake?

  • Is something wrong with me? I should not be awake at this hour. The rest of the world is fast asleep. But then that’s the point I am trying to prove here – I am not like the rest of the world. For as long as I can remember, the dream had been running ahead of me. This time I have taken the lead. I am one step ahead of the dream and I will keep pressing ahead. Oh I am so done with sleeping. I am done with dreaming. I am done with watching the show with my nose pressed against the glass. I am now swinging the door open and stepping inside the arena. It has begun – the countdown to MY show. I am counting months, weeks, days, hours…and I will make them count soon.

    (A page from the diary of the TestCracker of tomorrow)

    © TestCracker 2013


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Quote of the Day

  • "Don't think about who you have been.  Who are you now?  Who have you decided to become? Make this decision consciously.  Make it carefully. Make it powerfully..." 

                                                                                                     ~ Anthony Robbinsr


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Quant & Puzzle Inventory - 46

The Burning Issue: In a spot: NSEL Saga

  • It’s raining scams! After Securities scam in ’92 (More commonly known as Harshad Mehta scam) and KP scam in ’01, following the cycle of 10 years, this time, an entire exchange was fabricated on treachery of its promoters. The scam is a systematic fraud perpetrated in the commodity market by National Spot Exchange Ltd. The supposedly 5,600 Crore Rs fraud came out in the public domain after NSEL failed to pay out its investors in commodity pair contracts after 31 July 2013. Let’s have a summarised look at the seedy insides of the exchange which was once a darling of the markets and the ministry too.


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